{"title":"Michael Pettis","description":"\u003cp\u003eMichael Pettis offers insightful analysis on global economics, focusing on themes such as trade imbalances and financial realignment. His works provide a deep dive into the forces shaping international markets and their broader social implications.\u003c\/p\u003e\n\n\u003cp\u003eReaders can expect rigorous discussions that blend economic theory with contemporary policy debates, making his books essential for those interested in understanding the complexities of modern trade and economic strategy.\u003c\/p\u003e","products":[{"product_id":"trade-wars-are-class-wars-by-michael-pettis-9780300261448","title":"Trade Wars Are Class Wars","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003e\u003cb\u003eWinner of the 2021 Lionel Gelber Prize:\u003c\/b\u003e A provocative look at how today’s trade conflicts are caused by governments promoting the interests of elites at the expense of workers.\u003c\/p\u003e\n\n\u003cp\u003e“The authors weave a complex tapestry of monetary, fiscal and social policies through history and offer opinions about what went right and what went wrong . . . Worth reading for their insights into the history of trade and finance.”—George Melloan, \u003ci\u003eWall Street Journal\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e\"This is a very important book.\"—Martin Wolf, \u003ci\u003eFinancial Times\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eTrade Wars Are Class Wars\u003c\/i\u003e by Matthew C. Klein and Michael Pettis explores how trade disputes are often misunderstood as conflicts between countries with competing national interests. The authors reveal that they are frequently the unintended outcome of domestic political choices that prioritise the interests of the rich over those of workers and ordinary retirees.\u003c\/p\u003e\n\n\u003cp\u003eKlein and Pettis delve into the origins of today’s trade wars, tracing back to decisions made by politicians and business leaders in China, Europe, and the United States over the last thirty years. During this period, the wealthy have thrived while workers face challenges, such as being unable to afford the goods they produce, job loss, or being pushed into greater debt.\u003c\/p\u003e\n\n\u003cp\u003eIn this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that illustrates how the class wars driven by rising inequality pose a threat to the global economy and international peace—and offer insights on what can be done to address these issues.\u003c\/p\u003e\n\n\u003cp\u003eLonglisted for the 2020 \u003ci\u003eFinancial Times\u003c\/i\u003e \u0026amp; McKinsey Business Book of the Year Award and named a Best Business Book of 2020 by \u003ci\u003eStrategy + Business\u003c\/i\u003e.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":46796923928812,"sku":"9780300261448","price":30.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/24612223482294.jpg?v=1757116811"},{"product_id":"the-great-rebalancing-by-michael-pettis-9780691158686","title":"The Great Rebalancing","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eChina's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies.\u003c\/p\u003e\n\n\u003cp\u003eDebunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilising policies, and he predicts severe economic dislocations—a lost decade for China, the breaking of the Euro, and a receding of the U.S. dollar—that will have long-lasting effects.\u003c\/p\u003e\n\n\u003cp\u003ePettis explains how China has maintained massive—but unsustainable—investment growth by artificially lowering the cost of capital. He discusses how Germany is endangering the Euro by favouring its own development at the expense of its neighbours. And he looks at how the U.S. dollar's role as the world's reserve currency burdens America's economy.\u003c\/p\u003e\n\n\u003cp\u003eAlthough various imbalances may seem unrelated, Pettis shows that all of them—including the U.S. consumption binge, surging debt in Europe, China's investment orgy, Japan's long stagnation, and the commodity boom in Latin America—are closely tied together, and that it will be impossible to resolve any issue without forcing a resolution for all.\u003c\/p\u003e\n\n\u003cp\u003eDemonstrating how economic policies can carry negative repercussions the world over, \u003cem\u003eThe Great Rebalancing\u003c\/em\u003e sheds urgent light on our globally linked economic future.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"NewSouth Books","offers":[{"title":"Default Title","offer_id":47461562450156,"sku":"9780691158686","price":84.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780691158686-the-great-rebalancing.jpg?v=1774971148"},{"product_id":"the-great-rebalancing-by-michael-pettis-9780691163628","title":"The Great Rebalancing","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eChina's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite.\u003c\/p\u003e\n\n\u003cp\u003eNoted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations.\u003c\/p\u003e\n\n\u003cp\u003ePettis examines the reasons behind these destabilising policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, \u003cem\u003eThe Great Rebalancing\u003c\/em\u003e sheds urgent light on our globally linked economic future.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Hachette Aotearoa New Zealand","offers":[{"title":"Default Title","offer_id":47599452389612,"sku":"9780691163628","price":54.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/c1227d82b4edf8f7880dde3a4164d5b7.jpg?v=1778022759"}],"url":"https:\/\/bookhero.pro\/collections\/michael-pettis.oembed","provider":"Book Hero","version":"1.0","type":"link"}